Doge Coins

• Ashikoki wrote on 2013-12-19 07:41

  Quote from Space Pirate Nithiel;1179784:

  How the hell do you actually turn these things into money?

  
  
  It's a currency.
  
  Imagine you're putting your dollars in to another country's dollars. Except that other country isn't actually a country but more of a collective network of home computers across the globe. And the money printing machines are owned by anyone who wants one.
  
  Alternatively, think of it as stocks. It is similar to an extent. There is always a finite amount of bitcoins as "printing" (actually known as mining) becomes more difficult as we reach the set cap. Each transaction comes with a fee which is then distributed back in to the unclaimed to be mined.
  
  Alternatively alternatively, think of it as commodity. Like Gold and Silver. Similar.
  
  It doesn't turn into money. It IS money. A large number of places take them now as payments.
• Space Pirate Nithiel wrote on 2013-12-19 08:10

  Quote from Ashikoki;1179892:

  A large number of places take them now as payments.

  
  
  Examples? Cause I can't find any. No "Dogecoin" checkout option on Amazon.
  And I mean a place to buy things other than drugs and prostitutes with them.
• Yoorah wrote on 2013-12-19 13:07
  It went back to $700 USD per BTC.. lol.
  inb4 another crash.
• Ashikoki wrote on 2013-12-19 20:46

  Quote from Yoorah;1180007:

  It went back to $700 USD per BTC.. lol.
  inb4 another crash.

  
  
  India is picking up bitcoins, which will let the value soar.
  
  The #tothemoon and crash cycles keep happening every few months, but the value of bitcoins have consistently gone up.
  
  I happened to buy quite a few coins when it was at the lows of 500 two days ago. Already made a pretty huge profit. I'll let it sit.
  
  

  Quote from Space Pirate Nithiel;1179906:

  Examples? Cause I can't find any. No "Dogecoin" checkout option on Amazon.
  And I mean a place to buy things other than drugs and prostitutes with them.

  
  
  Maybe if you spent some time learning about the world and its many profitable trades on the internet with all your free time, you could leave your mom's basement by 2015.
• Yoorah wrote on 2013-12-20 02:44
  It's definitely within the realm of possibility that their price will keep growing overall, but it's still way too risky. I like to think that I'm doing OK financially, but I still wouldn't spend $500~700 on these toys. I mean, even if I were to buy a couple, I'd be at a risk to lose money pointlessly, with the potential to gain a few hundred bucks. I'm pretty sure I'd feel dumber wasting a few hundred bucks than I would feel good by gaining the same amount. I have a decently paying job so I don't seek to get income off of something like this--and at the same time, I feel that someone with a low paying job shouldn't be risking investing into something like this, either.
  
  Maybe I'll buy some during the next crash if the price reduction is significant enough (though I hope for your sake that this doesn't happen, lol).
  
  Dogecoin FTW.
• Ashikoki wrote on 2013-12-20 06:53
  They've been lingering high 700's tonight. The announcement that overstock.com will start accepting bitcoins as payment was huge for the well-being of the currency.
  
  But it isn't long until they accept dogecoins instead. Because dogecoins are much better. Very better. Wow.
• Ashikoki wrote on 2013-12-20 22:25
  They've been lingering high 700's tonight. The announcement that overstock.com will start accepting bitcoins as payment was huge for the well-being of the currency.
  
  But it isn't long until they accept dogecoins instead. Because dogecoins are much better. Very better. Wow.
  
  Edit:
  
  Dogecoins top 10 cryptocurrency now. Stabilized a bit. Expecting another small surge after some reddit events tonight.
  
  Free doge coins here. http://freedoge.we-mine.it/
• Yoorah wrote on 2013-12-20 23:22
  Balance: 1.83486689 DOGE
  
  so rich
  wow
• Cucurbita wrote on 2013-12-21 04:30
  [Image: http://puu.sh/5TulG.jpg]

  
  
  MEH
  SO SHIBE
  MUCH OKAY
  VERY MODERATE
  MEH
• Yoorah wrote on 2013-12-21 05:52
  Balance: 5.52964693 DOGE
  such riches
• Aliyah wrote on 2013-12-21 05:57

  Quote from Yoorah;1180277:

  It's definitely within the realm of possibility that their price will keep growing overall, but it's still way too risky. I like to think that I'm doing OK financially, but I still wouldn't spend $500~700 on these toys. I mean, even if I were to buy a couple, I'd be at a risk to lose money pointlessly, with the potential to gain a few hundred bucks. I'm pretty sure I'd feel dumber wasting a few hundred bucks than I would feel good by gaining the same amount. I have a decently paying job so I don't seek to get income off of something like this--and at the same time, I feel that someone with a low paying job shouldn't be risking investing into something like this, either.
  
  Maybe I'll buy some during the next crash if the price reduction is significant enough (though I hope for your sake that this doesn't happen, lol).
  
  Dogecoin FTW.

  
  This is pretty much my position as well. I only wish I had bought some when they were like a dollar e-e
• Cucurbita wrote on 2013-12-21 06:12

  Quote from Aliyah;1180610:

  This is pretty much my position as well. I only wish I had bought some when they were like a dollar e-e

  
  
  Bitcoins are a currency with a flat supply limit. This means the more it becomes used, the higher the value becomes. The demand for a decentralized e-currency is only increasing more and more each day, and slowly businesses are accepting bitcoins as payments one by one.
  
  The thing that scares people away from buying bitcoins is that it's "so expensive now", but we're working on microbitcoin transactions now anyways. The actual bitcoin amount is irrelevant. Just buy 0.1 instead or something.
  
  In 5 years you'll be saying the exact same words. "I only wish I had bought some when millibitcoins were like a dollar".
  
  What kind of event could knock bitcoins out of value? Something actually has to happen for these coins to become weaker. The so called "crash" that happens every few months usually only depreciates the value of each coin to about 50%, and recovers within a week back to original values. It only gets stronger the next time. Losing 50% isn't even that bad, if you put in a hundred dollars, you might lose 50 on a panic sale. We lost China, and the value went down by half. Two days later, we're back up to 700 USD per BTC. Later in 2014, overstock.com will start accepting bitcoins as payments. This is huge.
  
  And then maybe Amazon will pick it up a few years down the line, and anyone who already is holding even a nanobitcoin will overflow their pockets with cash. Maybe.
  
  You could always play around with dogecoins instead if bitcoins are too serious for you.
• Chockeh wrote on 2013-12-21 21:11
  I don't know what the fuck is going on, but I'm casually joining the hype. It's not like I have anything to lose... right?
• Ashikoki wrote on 2013-12-22 02:57

  Quote from Chockeh;1180747:

  I don't know what the fuck is going on, but I'm casually joining the hype. It's not like I have anything to lose... right?

  
  
  Please convert your currently existing USD, bitcoins, and any other altcoins in to dogecoins. We're going to the moon.
  
  [video=youtube;L3xN747YQnY]http://www.youtube.com/watch?v=L3xN747YQnY[/video]
• Aliyah wrote on 2013-12-22 08:32

  Quote from Cucurbita;1180612:

  Bitcoins are a currency with a flat supply limit. This means the more it becomes used, the higher the value becomes. The demand for a decentralized e-currency is only increasing more and more each day, and slowly businesses are accepting bitcoins as payments one by one.
  
  The thing that scares people away from buying bitcoins is that it's "so expensive now", but we're working on microbitcoin transactions now anyways. The actual bitcoin amount is irrelevant. Just buy 0.1 instead or something.
  
  In 5 years you'll be saying the exact same words. "I only wish I had bought some when millibitcoins were like a dollar".
  
  What kind of event could knock bitcoins out of value? Something actually has to happen for these coins to become weaker. The so called "crash" that happens every few months usually only depreciates the value of each coin to about 50%, and recovers within a week back to original values. It only gets stronger the next time. Losing 50% isn't even that bad, if you put in a hundred dollars, you might lose 50 on a panic sale. We lost China, and the value went down by half. Two days later, we're back up to 700 USD per BTC. Later in 2014, overstock.com will start accepting bitcoins as payments. This is huge.
  
  And then maybe Amazon will pick it up a few years down the line, and anyone who already is holding even a nanobitcoin will overflow their pockets with cash. Maybe.
  
  You could always play around with dogecoins instead if bitcoins are too serious for you.

  
  
  I wasn't referring to the price of a bitcoin being too high when I said I wish I bought them when they were a dollar. I had bought 100$ worth at ~500$ per. What I was talking about was the 1000% increase from a dollar. Do I expect bitcoins to keep going up over all? Yeah of course. But I also don't expect a 1000% increase in such a short amount of time again because of public hype/awareness. I really dont expect one bitcoin to be worth a million dollars in the next three years lol. I'm fine with putting money for fun into it. But like I said, I agree with Yoorah in that it's not something I would really invest in. Much too risky. There are other far safer albeit lower profit ways to invest your money.